Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC raised its stake in Datadog, Inc. (NASDAQ:DDOG) by 36.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,580 shares of the company’s stock after purchasing an additional 1,212 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Datadog were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC raised its position in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. True Wealth Design LLC raised its position in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its position in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new stake in Datadog in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $114.98 on Wednesday. The stock has a fifty day moving average price of $140.58 and a 200 day moving average price of $131.97. The stock has a market cap of $39.06 billion, a PE ratio of 225.46, a P/E/G ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DDOG shares. BMO Capital Markets increased their price objective on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Robert W. Baird raised their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Macquarie restated an “outperform” rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Mizuho raised their price target on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group raised their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Buying and Selling

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 556,674 shares of company stock valued at $82,904,025. 11.78% of the stock is owned by insiders.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.